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OpenStudy (anonymous):

Which type of loan is similar to a credit card, where the lender sets the maximum amount that you can borrow based on your equity in the home? A. A second mortgage B. Equity C. An equity line of credit D. An amortization

OpenStudy (mayankdevnani):

answer is option c )An equity line of credit http://en.wikipedia.org/wiki/Home_equity_line_of_credit

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